Delta Petroleum Corp., an oil and gas exploration and development company, on Thursday said it has tentatively agreed to sell a stake of its Vega Area assets in western Colorado's Piceance Basin for $400 million.
Delta said it plans to use $225 million to develop the Vega Area over the next three years. The remainder of funds will go toward bolstering the balance sheet and fulfilling general working capital purposes.
Delta said it plans to use $225 million to develop the Vega Area over the next three years. The remainder of funds will go toward bolstering the balance sheet and fulfilling general working capital purposes.
No comments:
Post a Comment